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A global bust will be very destructive

King World News weekly – June 13 , 2015

Egon von Greyerz: “Between 1997 and 2007 Gordon Brown was Chancellor of the Exchequer (Treasury Secretary) in the United Kingdom. When he presented his annual budget in parliament he would brag that through his policies he had abolished the normal cycles of booms and busts. But then in 2007 he had the misfortune to become prime minister just as the great financial crisis started, and his magic of creating a consistent boom suddenly vanished……

Governments create illusions of prosperity

King World News weekly – June 5 , 2015

Egon von Greyerz: “When the financial bubbles in the world implode, normal people will have no safety net. Many people will not have a job and there will be no Social Security and no pensions. The reason for this is that instead of having the normal process of booms and busts, which is a self-regulating process, governments and central banks have created false cycles and phony markets through financial repression…

“The Matterhorn Interview – May 2015: Pippa Malmgren”

“You don’t fix deflation by introducing inflation”

Podcast interview: (30 mins)
We are extremely pleased to feature Dr Philippa ‘Pippa’ Malmgren this month in a podcast interview from Lars Schall. Dr Malmgren is a top-level policy advisor/financial expert who recently published her new book “Signals – The Breakdown of the Social Contract and the Rise of Geopolitics”, a highly relevant assessment of the geopolitical and economic environment in the aftermath of the ongoing financial crisis of 2007/08.

King World News weekly – May 29, 2015

Egon von Greyerz: “Eric, I don’t think the general public has any understanding of what is happening in the world today and the incredible risks we are seeing. Since 2008, world debt is up over 40 percent and so now the world has unsustainable debt levels of over $200 trillion. So in the last 100 years global debt has gone from virtually zero to $200 trillion. This has had the effect of creating a false standard of living and affluence, which is built on debt and consumption. People think the illusion is real but it isn’t. It’s really a massive bubble and it’s coming to an end.

King World News weekly – May 21, 2015

Egon von Greyerz: “Investors worldwide are sitting with assets inside of giant financial bubbles. We are talking about a $250 trillion bubble in stocks, bonds and property. The size of the bubble has increased from $150 trillion to $250 trillion in the last 15 years. That’s a staggering 66 percent increase. We talked last week about how the $100 trillion bond bubble will soon start to implode. We’ve seen bond yields start to surge in the last few weeks, led by the German 10-year….

King World News weekly – 14 May, 2015

Egon von Greyerz “Eric, we are now starting to see the signs that will trigger an end to the most massive financial bubble in the history of the world. Gold and silver move in anticipation of economic events, and some of the indicators I look at are flashing major warning signals. Take, for example, M2, which illustrates the money supply in the U.S. and also the velocity of money. The money velocity is continuing….

World will never be able to cope with leverage of bond implosion

Greg Hunter’s video interview with Egon von Greyerz in Zurich

May 12 – 2015 (24 minutes)

Egon von Greyerz: “Forget about making money in today’s global economy. The primary objective should be protection and wealth preservation. “It’s all about risk . . . what you are looking at now is a world where risk is unprecedented. We have bubble land. We have bubbles in stock markets, bubbles in bond markets, bubbles in assets markets, such as the art market, for example. On top of that, we have a banking system…..

Unfortunately Greece only has one option which is organised default and exit from EMS with a virtual devaluation of around 60%. Any other option will not solve Greece’s problems and just lead to costly delays of the inevitable outcome at an ever higher financial and human expense for Greece and its sponsors.

King World News weekly – April 30, 2015

Egon von Greyerz: “For anyone holding funds within the financial system the risk is increasing exponentially. The danger is now so great that the likelihood of getting money back from the banking system is very low. Yes, if you are lucky you might get back Monopoly money…